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at apparel tax hikes have left them with smaller paychecks. the wine industry is adopting to customers to just have less money to spend it. joining us, founder and ceo of an online media company that focuses on wine and, of course, one expert extraordinaire herself. let's talk first about this confluence of events that has come together. >> thanks for having me back. and all of this is good for the california in u.s. wine industry, but is not going to be great in 2013. a boom in chardonnay eckhardt time to raise prices. tracy: the stock about that. less grapes planted in 2009 because of the recession. bad weather in 1011. >> is an agriculture products. yet the shrinking supply and pricing pressure. a wide-open playing pressure for imports. more and more wine according to stone bridge. with all this pressure, we are leaving it wide open for the imports to come and compete. tracy: this is the last thing that california wineries -- >> last american needs. state tax is going through the roof. we talked about this last time. you cannot pick up and
at apparel tax hikes have left them with smaller paychecks. the wine industry is adopting to customers to just have less money to spend it. joining us, founder and ceo of an online media company that focuses on wine and, of course, one expert extraordinaire herself. let's talk first about this confluence of events that has come together. >> thanks for having me back. and all of this is good for the california in u.s. wine industry, but is not going to be great in 2013. a boom in...
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Jan 27, 2013
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time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. lhere we go again. >> i've always been a supporter of a appropriate responsible, fair earmarkings. >> democratic congressman want to bring back responsible earmarks and republicans led a push to stop the pet pork products several years ago . here is why. money going to research. monkeys taking cocaine. exoticants and using yoga to treat hot flashes and the so-called bridge to no where in alaska. bringing back earmarks institutionalize
time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know...
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Jan 27, 2013
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high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more than 60 percent of the way there. >> wayne, you are in california. when are lawmakers going to get the message enough is enough? >> it is not a question of them getting the message. it is a question of spending. you have to cut spending in order to do this. you can't just meet this with taxes. california has a bigger problem because it is so flush so long and done so well for so long and five cities that are filing for bankruptcy and worry about the bonds there and all kinds of thingings. but this is a tax, the state income tax like the federal income tax is a tax on production and productivity. for example the state of nebraska, governor hideleman is substituting his sales tax for a for an income tax and makes himself more competitive by doing so. >> don't we have enough tax revenue.
high taxes, taxings are forced. high taxes prompt an exodus whether tiger woods or going back to the uk in the 70s, the rolling stonings. if you work and don't get to keep the product of your labor. you are a slave. california is more than 60 percent of the way there. >> wayne, you are in california. when are lawmakers going to get the message enough is enough? >> it is not a question of them getting the message. it is a question of spending. you have to cut spending in order to do...
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Jan 26, 2013
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the mileage tax? that gets people out there upset. the way they test it in the states, you probably heard this too, have to use your own smart phone, rig it up to on star, whatever the positioning thing is, and feeds into the toll boot. the government is not going to pay for that money to collect that tax from you. >> no, to me, first of all, it's big brother, which is scary to everyone, following you, knowing where you go. easy pass, they know anyway, but this is intrucive. also, how long before they create an app to get around it. it's just ripe for abuse. liz: you personally are not, you know, so scared about privacy issues. you used an easy pass. >> i do, but, i mean, the idea of them getting in my phone to tax me more, why not just spend less. just, come on. step away from the trough, you know? like, just, is it reaaly -- i understand we have to invest in roads, but we have all these, you know, shovel ready projects that were ready to go and didn't happen. how needy are the roads. liz: you pronou
the mileage tax? that gets people out there upset. the way they test it in the states, you probably heard this too, have to use your own smart phone, rig it up to on star, whatever the positioning thing is, and feeds into the toll boot. the government is not going to pay for that money to collect that tax from you. >> no, to me, first of all, it's big brother, which is scary to everyone, following you, knowing where you go. easy pass, they know anyway, but this is intrucive. also, how...
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Jan 27, 2013
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taxpayers realize that government unions lobby for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america because china is coming back. i disagree that the unions are on the defensive when it comes to government. they own government. >> one place it is growing is public sector. >> ebe mac touched on the reason why. government doesn't compete. they raise taxes. private sector where business is up to compete on the price of the product. unions make companies less competitive. >> what does it say about unions. they used to represent . people were proud to put the union label on the product. is that still true, steve? >> no, all you have to do is lookk at detroit and the legacy and companies that went in to right to wo
taxpayers realize that government unions lobby for more spend more tax hikes and meaning property taxes go up. why? to pay for the benefits . taxpayers are saying wait a second, we get it . the union members understand the back lash, too. >> bill, your back shot was hard to digest, but there are so many overseas jobs that used to go to unimembers here. is there any way unions can bring those jobs back to china back home. >> yes, manufacturing jobs are coming back to north america...
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nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into perspective, their tax bill was greater than the entire gdp of morocco. think about it. an entire country. talk about there fair share. the fair share, if that's what we are striving more, the irs has to give its money back. unlike your pet projects like solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders
nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into...
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Jan 30, 2013
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gerri: property taxes? what are property taxes like? >> low. depends on the municipality, but less than 2% so the sales tax is lower. how about no estate tax, gerri? when you talk about planning your estate, you know, give away 6% to 10% of the your money to the state, it's a big number. gerri: all right. i have to go through another graphic here because it's fascinating. we went to united lines to ask, okay, where are people leaving from? new york, new jersey, connecticut, michigan, illinois? what's the big inbounds state. dc, washington, d.c. because they have all the money. oregon, nevada, north carolina, south carolina so people are moving south. that's definitely the case. >> oh, absolutely. gerri: a quick story before we came to air saying you were able to actually nab a present for your company that you otherwise would have not been able to get if he had to move to new york or new jersey. >> that's right. he's a perfect example. the president here was a managing directer at ubs, and every day he would wake up at 4:30, and he would get to
gerri: property taxes? what are property taxes like? >> low. depends on the municipality, but less than 2% so the sales tax is lower. how about no estate tax, gerri? when you talk about planning your estate, you know, give away 6% to 10% of the your money to the state, it's a big number. gerri: all right. i have to go through another graphic here because it's fascinating. we went to united lines to ask, okay, where are people leaving from? new york, new jersey, connecticut, michigan,...
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Jan 31, 2013
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax.
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax.
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Jan 27, 2013
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any...
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Jan 31, 2013
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everybody's taxes went up. at beginning of the year 77% of the pop saw their taxes go up when you say now we need to put the revenue piece on the table i think that is what bates republicans. hey, they feel like we did that and president came back and said guess what, that is just the beginning. we took your lunch. now we'll steal your backpack. >> the question is, increase the rates on top 1% of the population. we didn't do anything about reforming the system. small businesses can get started. you can figure out our own taxes at home. we could lower rates, get rid of ap lot of loopholes out there. make legitimate money off this and put america in a much better competitive position globally. melissa: hey, i love that idea but is anyone talking about that anymore? i haven't heard real tax reform lowering the rate, broading the base, closing loop roles -- loopholes. you're the first one mention that in a little while. >> speaker boehner, talked about that and even the president talked about that for a little whil
everybody's taxes went up. at beginning of the year 77% of the pop saw their taxes go up when you say now we need to put the revenue piece on the table i think that is what bates republicans. hey, they feel like we did that and president came back and said guess what, that is just the beginning. we took your lunch. now we'll steal your backpack. >> the question is, increase the rates on top 1% of the population. we didn't do anything about reforming the system. small businesses can get...
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Jan 31, 2013
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lowering taxes, corporate taxes, ensure people have opportunity. what did you think of those ideas? were they good? >> well, you know, i didn't look at every single one, but anybody that runs a companment -- company wants a clear playing field; right? less regulation, less competition with government, lower taxes. those are all the things that would help america be more competitive, but those are, against what jason just rightly pointed out where obama's economic policies, which are really social policies. he wants the country to look a certain way and be directed by the government, not by the private sector. gerri: that's true. >> so the bigger the government gets, by the way, the higher the unemployment rate is going to be. we see that -- gerri: that's true. >> we look all around the world, that's why we have such a high unemployment rate today. >> there's job opportunities of plepty under the president's nose. the keystone pipeline, shale gas boom, companies overseas to repatriate, invest domestically, but he's not interested. gerri: he wants infrastructure projects. >> they have
lowering taxes, corporate taxes, ensure people have opportunity. what did you think of those ideas? were they good? >> well, you know, i didn't look at every single one, but anybody that runs a companment -- company wants a clear playing field; right? less regulation, less competition with government, lower taxes. those are all the things that would help america be more competitive, but those are, against what jason just rightly pointed out where obama's economic policies, which are...
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Jan 30, 2013
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taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%. there is not a lot of momentum there. we got a boost to a consumer's income in the fourth quarter because people anticipating the higher tax rates were paying out more in compensation, more in dividends. that is going to turn around as we come into the first quarter of 2013. david: the tax increases, as i mentioned in the intro to you, even the president said, a shrinking economy or slow economy, you know what to increase taxes. that is exactly what we're doing, but on the retail and wholesale level, if you
taxes. david: the folks who say this is an anomaly point of good points, consumer spending is not doing bad. durable goods orders were up. business investment is up, capitol spending. homebuilding is looking pretty bright and even though prices came down a tick last quarter. there are improvements in the economy that may be worked into this number. >> that is all true. the basic fact is that last year, 2012 : gdp growth, fourth quarter of 2011 tough fourth quarter 2012 was only one nap%....
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next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ ought i could ignore it, and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd read it over and over and over again. and then, five minutes later, i wouldn't know what i just read. it wasn't sticking with me. it wasn't sinking in. and that, to me, was really frustrating. as i got older, i was still having that issue. and that's when i knew i needed to talk to the doctor. announcer: if you were diagnosed with adhd as a kid, you might still have it. find out more. take a quiz at ownyouradhd.com to help recognize the symptoms, like inattention, impulsivity, hyperactivity, then talk with your doctor. i take responsibility for my adhd. it's your adhd. own it. gerri: you'll never believe who is on the receiving end of your taxpayer dollars, and how gerri: taxpayer dollars
next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ ought i could ignore it, and i wished it would just go away. [rock music playing] it was my adhd. and like many kids with adhd, i didn't outgrow it. one of the issues i had was not being able to focus. i would read and i would reread the same sentence. you'd read it over and over and over again. and then, five minutes later, i wouldn't know what i just read. it wasn't sticking with...
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Jan 24, 2013
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compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in sligh
compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier?...
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Jan 26, 2013
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next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ ♪ making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. gerri: you'll never believe who is on the receiving end of your taxpayer dollars, and how gerri: taxpayer dollars hard at work providing medicare services to illegal immigrants and prison inmates, may friends. according to a new report by the health and human services inspector general, totaled more than $125 million between 2009 and 2011, and joining me now, dr. scott, resident fellow at the american enterprise institute. doc, welcome back to the show. good to see you. how oes this happen? doesn't the government know who they are sending checks to? >> well, the answer is no, medicare doesn't have systems in place to make sure the payments made are appropriate. they were inproper payments, about $65 billion a year in improper payments, different than fraud. gerri: 65 billion? just as if this is a normal thing that happens, and, boy -- why can'
next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ ♪ making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. gerri: you'll never believe who is on the receiving end of your taxpayer dollars, and how gerri: taxpayer dollars hard at work providing medicare services to illegal immigrants and prison inmates, may friends. according to a new report by the health and human services inspector...
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Jan 29, 2013
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in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built in. not like we didn't know about this. that is like the general market. we see the things out in the forefront. investors and traders are not reacting like they normally would when they see the top line and follow-up data. they're looking at the stock. looking at what could potentially happen. i think this is priced in. david: joe, thanks. we'll see you in a couple of minutes when the s&p futures close. thanks. liz: well at this year's consumer electronics show you know we tried our absolute darnedest to break corning's new gorilla glass. they keep reinventing it. i was jump all over the thing of the the tenn
in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built...
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Jan 28, 2013
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> at 20 minutes past the hour i'm lauren green with your fox news minute. a section of the mississippi river is closed to traffic as crews clean up a oil leak on sunday. it hit a railroad bridge near vicksburg, mississippi, spreading oily water across part of the waterway. >>> brazilian police arrested three people following the deaths of more than 20 in the nightclub fire in santa maria. the blaze reportedly started when a band member lit a flare on stage causing mass panic. the band's security chief and a member and owner of the kiss nightclub have been brought in for questioning. >>> french and mali troops sealed off timbuktu forcing islamist rebels to flee north. they seized the timbuktu airport as they look for al qaeda linked fighters hiding in the city. the rebels are retreating into the surrounding desert and mountains. those are the hea
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >> at 20 minutes past the hour i'm lauren green with your fox news minute. a section of the mississippi river is closed to traffic as crews clean up a oil leak on sunday. it hit a railroad bridge near vicksburg, mississippi, spreading oily water across part of the waterway. >>> brazilian...
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will be paying 44% in terms of short-term tax and short-term gains. at 24%, you want to buy businesses run by good management. we make a lot of mistakes. cheryl: you have done very well. >> started back in 1976 because i met him running a company and we still go to omaha to visit with him. we will be there again this year. we will see you on saturday. cheryl: the number one thing they should look for when buying a stock. >> you want to buy a business you can understand and that you can make that hasn't asset, natural gas, natural fuel and gas. those are things that are not complicated. utility in your area within the framework of other elements that can help propel values. cheryl: and buy on the dip. which is not even as bad as june and july. >> natural gas, and other hot season. american technology at work will make us less dependent on oil. we will be more self-sufficient. it is a terrific and exciting time to be watching the dynamics play. cheryl: we got to what you are really phenomenal at, stock picking. good to see you. >> always a pleasure. che
will be paying 44% in terms of short-term tax and short-term gains. at 24%, you want to buy businesses run by good management. we make a lot of mistakes. cheryl: you have done very well. >> started back in 1976 because i met him running a company and we still go to omaha to visit with him. we will be there again this year. we will see you on saturday. cheryl: the number one thing they should look for when buying a stock. >> you want to buy a business you can understand and that you...
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with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history of making bad business decisions in illinois. we sold the parking meter rights, and weave given away cash flows for 20 years on out. this is no surprise, and it's the worst in the union now, and it's not better because we're on a negative watch as well again. where we go from here is we have to see a massive exodus of people like myself or anybody get behind this. we're in trouble. are you or anyone else in illinois going to do a mike dirk mickelson or sarkozy in do you see a lot of tax refugees pouring out of illinois, you
with high income taxes. who else who is famous lived in illinois? that's scott, and he joins us now from chicago. your state has just been downgraded, illinois, and the city of chicago is going to get bailed out with its health problems by the federal government, and you have high taxes. can i count on you to move, scott? >> well, that depends on where this big building goes. if there's a place where we don't have the issues, the cme would move, and i would move with it. we have a history...
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next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i usually say that. [ slap! ] [ slap! slap! slap! slap! ] ow! ow! [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums you'll forget you had heartburn. officemax can help you drive suand down.s down... use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands
next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every...
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Jan 25, 2013
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next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex o
next, your tax dollars going to ill leal immigrants and prison inmates. the results of a shocking new report. ♪ ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, (announcer) at scottrade, our cexactly how...
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Jan 24, 2013
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ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the drugmakers, huh, nicole? >> it is. look at some names on the move after earnings, latest drugs, clinical trials and mostly good news here, look at bristol-myers up 2 1/2% for bmy. they did beat street expectations. they're posting gains doing very well with that. they settled claims with a interdrug trial subject. they moved along from that. pfizer here at a 52-week high. pfizer shares hitting this multiyear high on the results of several studies. they have done well with treatments for depression, overactive bladder, quitting smoking. biogen i can't leave out doing well. up 1.3% right now. back to you. tracy:
ashley: that's right. >> moving tax rates, capital gains and dividend taxes from 15 to 24%, and taxing the rich is not a pro-growth policy. ashley: have to leave it right there. ed lazear, thanks so much for joining us. really appreciate it. >> thank you. tracy: especially when the rich keep moving. ashley: that's right. good point. tracy: follow the golfers. as we do every 15 minutes we check the markets now. nicole petallides on the floor of the stock exchange. good day for the...
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Jan 31, 2013
01/13
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to try to bring in other companies by giving them tax breaks, et cetera. what about a company like lockheed though? which is, while boeing has 50% of its contracts defense contracts, lockheed has almost all of them defense contracts. they have got to take a hit from this? >> oh, they absolutely will. but the buffer that they have is the backlog of orders that they already have in the pipeline. money that is already been obligated by the department of defense, when they have written a contract, signed it, and obligated that money for to buy something, that's not going to be affected by sequestration or the budget drawdown we're talking about. so lockheed will continue to be able to work through that backlog and build the systems that have already been contracted by dod. david: finally we have to focus on this one point. you say this quarter will be worse than the last quarter in terms of defense cuts and that affect on the gdp, right? >> right. so we'll see continued drawdown because of the withdrawal from afghanistan. on top of that, dod has come out with
to try to bring in other companies by giving them tax breaks, et cetera. what about a company like lockheed though? which is, while boeing has 50% of its contracts defense contracts, lockheed has almost all of them defense contracts. they have got to take a hit from this? >> oh, they absolutely will. but the buffer that they have is the backlog of orders that they already have in the pipeline. money that is already been obligated by the department of defense, when they have written a...
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Jan 25, 2013
01/13
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radical tax reform a different -- flat tax for having these non-negotiable ious with social security chained to a marketable bonds. you can make it debt payments. how about passing a law saying you cannot use the medicare money for obamacare. start throwing in offense. pass these things. that harry reid on -- dagen blocking a bill. david: is comments notwithstanding, the budget is lower than it was during a eisenhower, which is nonsense, we have seen the budget. we saw from 2009 when the budget went way up. but that just stayed there. we can show the figures from two dozen day through 2012 showing that we are now at 25% per gdp level of spending. that is the norm now. >> this president understands spending is power. that is why his notions of cutting spending when he says it, he feels he has to say it, absolute nonsense. he once more, not less. republicans should come across not just as accountants, but start getting some of these ridiculous things like feeding heroin to monkeys and programs like that that we're going to discuss. david: that was a real program that we will be talking
radical tax reform a different -- flat tax for having these non-negotiable ious with social security chained to a marketable bonds. you can make it debt payments. how about passing a law saying you cannot use the medicare money for obamacare. start throwing in offense. pass these things. that harry reid on -- dagen blocking a bill. david: is comments notwithstanding, the budget is lower than it was during a eisenhower, which is nonsense, we have seen the budget. we saw from 2009 when the budget...
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Jan 29, 2013
01/13
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payroll taxes went up. maybe they are not as confident as they thought. >> the problem is, we have been to the biggest financial crisis since the great depression. history shows that crises like that, leave lasting scars. it is like the flu, you think you are ready to go back to work and several weeks later, you realize you still do not feel right. the idea that we will be off to the races again just does not sound right. connell: we are a few years out from there. the worst of it was september september 2008. we are a few years out. is it a few more years you are talking about? >> the critical thing is that there is no objective way to forecast. it depends on peoples attitudes. there is a recent paper by gabriel, stuart gabriel, that shows that the home rate is not explained by demographic or economic factors. i think it is because they were burned in this crisis. it just is not coming back. it may take another generation before we get there real enthusiasm back. connell: robert shiller, as always, your in
payroll taxes went up. maybe they are not as confident as they thought. >> the problem is, we have been to the biggest financial crisis since the great depression. history shows that crises like that, leave lasting scars. it is like the flu, you think you are ready to go back to work and several weeks later, you realize you still do not feel right. the idea that we will be off to the races again just does not sound right. connell: we are a few years out from there. the worst of it was...
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Jan 24, 2013
01/13
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it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you see, apple is not a winner. bed bath, western digital, and more. we'll be right back. ♪ [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. just like you. i have obligations. cute tobligations, but o
it's just after one month after the largest tax cut in kansas history. critics charge the policies leave many in the state without basic services or proper education. >> they still have good steak. that's good. a good night's sleep is good for business. the results of a new study coming up. >> and the broadcast industry is shedding jobs, but help wanted at the arab tv channel, al jazeera. the details ahead on media minute. >> as we head to break, winners on the nasdaq. as you...
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Jan 31, 2013
01/13
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it has dramatically raised taxes and it still cannot pay. the big failure is with pension reform. the unions have blocked it insisting that all the promises made in the past must be paid in full. now, they try to borrow and they can't. at least not at an affordable interest rate. so they are stuck. they are in crisis. we've said many times on this program that what illinois really wants, what it says -- really looking for it is an obama bailout. they want a pay off for voting heavily for the president's reelection. will they get it? more importantly are you in texas, new jersey and all over the country, are you prepared to give them your money? stuart: let's get right at it. illinois at a stand still. they can't borrow money. it is a crisis. wgn radio host is our person in illinois and she joins us now. yesterday they were trying to issue a bond, trying to raise 500 million dollars. they had to cancel it because the interest they would have to pay would just -- they couldn't afford it. are they now at a stand still unable to pay bills and they can't borrow? >> well, stuart, you kn
it has dramatically raised taxes and it still cannot pay. the big failure is with pension reform. the unions have blocked it insisting that all the promises made in the past must be paid in full. now, they try to borrow and they can't. at least not at an affordable interest rate. so they are stuck. they are in crisis. we've said many times on this program that what illinois really wants, what it says -- really looking for it is an obama bailout. they want a pay off for voting heavily for the...
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Jan 26, 2013
01/13
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increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united states. we have different issues. >> yes but we have to much austerity you do not want to go our direction. liz: you have been terrific. have a terrific weekend. thank you for watching. lou: good evening, everybody. a federal appellate court ruling that president obama violated the constitution more than a year ago when he made three recess appointments to the national labor relations board. this week began with the administration's all-out assault on the second amendment and our right to own guns and concludes with this federal court ruling that the administration acted against the constitution and in so doing th
increases do not reduce the deficit because every dollar of tax increase leads to, of $1.17 in additional spending but spending more money to people who will waste it only encourages them. we are not sending any more and. >> most economists agree you need a comprehensive mixed of cuts and increases. liz: i am done with the economist. we tried that and look where we are. we have a huge entitlement problem. >> also in the uk we have that. liz: britain is not the size of the united...
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Jan 29, 2013
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officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ashley: is half past the hour. taking a look at the dow 30 right now. we are up 65 points. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: we have watched the markets get closer and closer to 14,000. it has been an exciting time. how do you think you feel traders feel about the fact that we went from 6500 almost back to our all-time high. >> there is a fair amount of interpretation that we are already overextended, overbought. we are sticking up that bullish sentiment in there. if you look at what is happening, we are making higher lows with each day. we have done that with ten sessions. when we pulled back, it is higher each time. i spoke to one guy before i came on the air and he sees no reason why we can't go back to the old high in 2007. nicole: there you have it. everyone was saying that
officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ashley: is half past the hour. taking a look at the dow 30 right now. we are up 65 points. let's head to the floor of the new york stock exchange where nicole petallides is standing by. nicole: we have watched the markets get closer and closer to 14,000. it has been an exciting time. how do you think...
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Jan 28, 2013
01/13
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, now bringing it down to 250 square feet allows them to be more profitable and ultimately pay more taxes. david: a chance for one sentence from each of you. rick, if there was one guy controlling this economy from inside the beltway, what would you tell them to do to simplify your life? >> focus on job creation for small businesses, that is the fuel we need to move this economy forward. david: how would you get that done? what is the best in the government can do to make that happen? >> this is a simple answer for me. lending requirements or lending ability for people to own small businesses especially franchises. it is difficult to get a small business loan right now and i think that can drive the economy by investing in some of the entrepreneurs in this country. david: the president is listening to you, what would you tell him? >> really focus on the job creation. franchisees like mine who want to grow, they want to get involved but limited of getting a loan, it is a difficult challenge. david: you are all heroes, thank you for doing what you do, appreciate you guys coming on. cheryl:
, now bringing it down to 250 square feet allows them to be more profitable and ultimately pay more taxes. david: a chance for one sentence from each of you. rick, if there was one guy controlling this economy from inside the beltway, what would you tell them to do to simplify your life? >> focus on job creation for small businesses, that is the fuel we need to move this economy forward. david: how would you get that done? what is the best in the government can do to make that happen?...
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it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little pause, see where we're at and where we may go going forward. liz: yeah, i mean, we can't ignore the fact -- i want to check it because it changes moment by moment -- but the vix just at 13, straddling there? i mean alan you are looking at an energy and commodities picture over there. but when there is very little fear, and rising stocks, rising commodities, and a falling volatility index that just looks -- i mean we're showing intraday here, which is a little useless, you know, we've spread it out and you can see especially if we took a two year or one year, you can see how far we've fallen. does tha
it was a great number, but when you look forward, my concern is the new tax policies that are in place. and that amount of money may not be in consumers' pockets going forward. so it's been a great rally here in january. but i look for a pullback and i think we could see a 5% pullback when you look at interest rates hovering around 200 basis points, can't really pop any higher than that from a yield standpoint. i agree a correction is in the air and it is something we have to take a little...